As part of today's all-day budget meeting marathon, the city council's central staff has put together a handy primer identifying the exact budget hits (or revenue increases) that would result under every potential outcome of this year's election, which includes four measures that would impact city budgets.

The best outcome for the city is if only King County Proposition 1 (a third of which would go to cities in King County) passes and all the other initiatives fail. In that highly unlikely scenario, the city would bring in an additional $8.7 million in 2011, and $12.1 million in 2012. The worst is if both liquor initiatives and Initiative 1107, repealing taxes on soda, candy, and bottled water, pass; that would result in a hit to the city of $3.5 million in 2011 and $8.2 million in 2012. Basically, though, the city will lose money if any of the state initiatives pass and Proposition 1---which is faltering in the polls---fails.

Full breakdown of all the potential election scenarios here.